President Joe Biden’s nominee to lead the World Bank was vice chairman of a major investor in TikTok’s Chinese parent company, his potential appointment coming as lawmakers push to ban the …
Tagged By financials
China’s Feb new yuan loans seen falling from record high: Reuters Poll
China’s new yuan loans are expected to fall in February from a record high in January partly due to seasonal factors, a Reuters poll showed, as the central bank keeps policy accommodative to support …
U.S. Sanctions Iran Drone Suppliers in China, ‘Shadow Banking’ Network
The Biden administration levied new sanctions against Chinese companies that supply Tehran’s drone program and a network of firms the U.S. says are part of a clandestine financial system Tehran uses …
Asia week ahead: Flurry of data from China plus key central bank meeting
Next week’s data calendar is packed, with a data dump from China, India’s inflation reading, Australia’s labour figures, …
Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain
China’s pledge to support Sri Lanka’s debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could …
China’s unambitious goals reflect growing worries: podcast
The People’s Republic is hoping to deliver 5% GDP growth this year and is creating a new finance watchdog. In this Viewsroom podcast, Breakingviews columnists discuss how jitters in real estate could …
Credit Suisse clinches approval to launch wealth business in China: report
The Swiss bank is pushing to roll out its wealth business in China by the first half of 2023. The expansion targets China’s CNY27t market. ALSO READ: Credit Suisse woos the wealthy with higher deposit…
Beijing proposes new financial regulatory body
China seeks to set up a new national financial regulatory administration that will shoulder the responsibility of supervision over the financial sector minus the securities sector, say a reform plan …
These banks will highly benefit from China’s early reopening
DBS and OCBC Bank will perform well this year. Broker, RHB, maintained an overweight rating on the banking segment in Singapore, with top picks being DBS and OCBC Bank. These banks have a bright …
China’s consumer demand expected to get boost from precautionary savings
BEIJING – Financial experts anticipate that the pent-up demand for consumption in China will be further unleashed as household savings in the country reached a new high last year. In 2022, China’s new …
China shakes up government to counter financial risks and US tech restrictions
China just announced a major government overhaul that will shake up the oversight of its financial system and boost its technology self-reliance, as financial distress is rising and a tech war with …
Analysis: China’s financial regulatory revamp raises hope, some concern over control
A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention.
What China’s Powerful Financial Regulator Means for PBOC
China’s sweeping changes to the financial regulatory system will see the central bank lose some of its functions to a new and enlarged oversight body, leaving it focused on broader economic and …